Wonderful income opportunity close to Northwestern campus in Northeast Evanston. Tons of potential here to update and increase rents, convert to single family house or keep as-is with some TLC to continue as student rental housing yielding large returns. Total monthly gross income of $4,900/month ($2,450/unit) nets approximate annual income of $39,700 after taxes, insurance and maintenance for an outstanding 7.6% cap rate! 2-unit vintage farmhouse offers a 1st floor 2 bed, 1 bath plus sunroom or office. 2nd floor unit offers 4 beds and 1 bath. Laundry is located in the basement. 2 car garage. Awesome location close to downtown Evanston, Northwestern campus, Lake Michigan, Metra and Foster St. Purple Line. Property sold As-Is.
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Listing information last updated on November 18th, 2019 at 6:05am CST.